Deepfakes of videos, photos and audio recordings have become widespread on various internet platform.
Aided by the technological advances of large language models like Midjourney, Google's Gemini or OpenAI's ChatGPT. With the right prompt fine-tuning, everyone can create seemingly real images or make the voices of prominent political or economic figures and entertainers say anything they want. While creating a deepfake is not a criminal offense on its own, many governments are nevertheless moving towards stronger regulation when using artificial intelligence to prevent harm to the parties involved. Source: Statista
Nvidia $NVDA in talks to acquire Israeli startup Run:ai in a deal that could be worth up to a billion dollars
Source: Markets & Mayhem
SNB reveals carbon footprint of its portfolio for first time
The Swiss National Bank disclosed the carbon footprint of its investment portfolio for the first time, responding to critics who have demanded it take a more active stance on climate change.
The SNB said it’s “not authorized to pursue structural policies” and pursuing such actions could make it more difficult for its to fulfill its primary mandate of inflation control.
The SNB’s environmental rules only ban coal miners. That means its holdings include firms involved in fracking, and the oil and gas industries.
Source: Bloomberg
What Is the First Word You See ?
source : investing
LinkedIn plans to add gaming to its platform
LinkedIn is breaking into a totally new area: gaming. TechCrunch has learned and confirmed that LinkedIn is working on a new games experience. It will be doing so by tapping into the same wave of puzzle-mania. App researchers have started to find code that points to the work LinkedIn is doing. One of them, Nima Owji, said that one idea LinkedIn appears to be experimenting with involves player scores being organised by places of work, with companies getting “ranked” by those scores. A spokesperson for LinkedIn has confirmed that it is working on gaming, but said there is as yet no launch date. “We’re playing with adding puzzle-based games within the LinkedIn experience to unlock a bit of fun, deepen relationships, and hopefully spark the opportunity for conversations,” the spokesperson said in a message to TechCrunch. “Stay tuned for more!” source : techcrunch
GS Cutting Tesla Numbers & PT
1. "....lowering Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red Sea conflict/power loss) and market headwinds... 2. Overall we reduce our EPS estimates including SBC to $2.15/$3.80/$5.00 from $2.45/$4.40/$5.40 for 2024/2025/2026... 3. Our 12-month price target is now $190 (from $220 prior), and is based on 50X (unchanged) applied to our updated Q5-Q8 EPS estimate..." source : goldman sachs, tme
Cocoa Prices Double From Start of 2024
The most-active contract in New York rose to $8,394 a metric ton, the highest on record! Source : bloomberg
US Rate-cut expectations were revised downward last week.
For the first time this year, markets now only see 3 interest rate cuts in 2024. This also happens to be the first time that markets align with the latest Fed guidance. Odds of a rate cut in this week are down to 2% and odds of a rate cut in May are down to ~7%. Just 3 months ago, markets saw SEVEN rate cuts in 2024 with rate cuts beginning this month. Source: The Kobeissi Letter
